Seeking tax attorney in CA to help resolve IRS tax delinquencies, are they negotiable and can I arrange payment plan

The IRS will abate penalties for reasonable cause. It does not sound to me like you have a situation that will meet the criteria. The next step...

I just received notice from Calif. Fran. Tax Board that I owe tax/penalties from 1996. Is it possible to broker a deal?

The Franchise Tax Board will abate penalties for reasonable cause. You would need more than just not being in CA for 10 years to meet this burden....

When a man and a woman cohabitate and not married and the woman dies without a will, would her three children inherit her estate

No, in CA their are no Common Law Marriages. If they did not own anything jointly, he would have no rights to her estate. Without a will or...

Whats is the procedure when inherited and receiving inherited money?

You are entitled to receive a copy of the trust. The trustee must invest the money based on the prudent investor act, so yes it should earn...

I am a grandmother of a 8 yr old which is staying with me need to get quardingship

You need to file a petition with the probate court to be named as the guardian of the person. Most local bar associations provide this as a free...

Do I have to give my home address and tax ID number to a customer if requested?

You are required to provide your tax ID number and business address for 1099 purposes. However, you can call the IRS, or go online at WWW.IRS.GOV...

I was tenant in common with my deceased brother of our parents home.Can I object to new tax assessment since I was halfowner?

Your half should not be reassessed. You received a parent to child exclusion when you received the property. No such exclusion exists between you...

Can I sue for reembersment of money lost due to tax error from CA.

You need to contact the Franchise Tax Board in CA to have them correct the error. Since you are out of state, it may be a good idea to retain a...

Transfer of ownership in life policy worth 150,000 to irrev trust. What gift taxes are involved? What filing required?

Is the face value of the policy $150,000 or is the value of the policy $150,000. If the policy had a value that exceeded your annual exclusion...

Yes, as a personal loan you can deduct this as a short - term capital loss. It can be offset against capital gains as are other capital losses....